Romania Forex Reserves Shrink To EUR62.8B In October 2024
today, 18:22
Romania's foreign exchange reserves shrank by EUR2.93 billion to EUR62.8 billion in October 2024, from EUR65.77 billion at the end of September, Romania’s central bank announced on Friday (November 1, 2024).
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CFA Romania Analysts Expect Inflation Rate To Reach 4.6% By June 2025
07.29.2024
Economic analysts expect the inflation rate to go down over the next 12 months to reach an average of 4.6% in June 2025 and see the leu... more
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Constantin Bratu Returns As GM Of Brewers Of Romania Association
07.29.2024
Brewers of Romania Association announces the appointment of Constantin Bratu as general manager of the organization as of August 1. He succeeds... more
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Second Largest Private Pension Fund In Romania AZT Viitorul Tau Buys Into Arobs Transilvania Software
07.29.2024
AZT Viitorul Tau, the second largest Pillar II private pension fund in Romania after NN Pensii, has bought into Arobs Transilvania Software... more
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Boston Consulting Group: Romanians’ Financial Wealth Will Grow by 9% Per Year on Average in Next 5 Years from $300B in 2023
07.29.2024
Romanians’ financial wealth will expand by 9% on average per annum in the next five years, 1% above the average projected for Eastern Europe and... more
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Deloitte Romania Assisted WDP in Acquisition of Three Logistic Parks in EUR110M Deal
07.29.2024
Deloitte Romania assisted Belgian real estate developer WDP in the acquisition of Global Logistics Chitila, Targu Mures Logistics Hub and Black Sea... more
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INS: Romanian Execs Predict Rising Prices in Services, Retail Trade, Constructions and Industry in July-September 2024
07.29.2024
Romanian executives expect price hikes in services, retail trade, constructions and the processing industry, in line with a survey conducted by the... more
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iSTYLE Romania 2023 Turnover Up 6%, To almost RON600M
07.29.2024
iStyle Retail SRL, the largest Apple Premium Reseller retail chain in Central and Eastern Europe, for 2023 reported net turnover worth RON590.4... more
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US Intuitive.Cloud Seeks to Hire 100 Professionals in Romania
07.29.2024
Intuitive.Cloud Romania, the local subsidiary of the US company specializing in cloud engineering, wants to hire more than 100 professionals in... more
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Santierul Naval Orsova Seals EUR4B Contract with Dutch Firm
07.29.2024
Santierul Naval Orsova (Orsova Shipyard-SNO.RO) has sales a new contract worth EUR4.05 million with Rensen-Driessen Shipbuilding group of the... more
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Romgaz Hydrocarbon Output Up 4.6%, Electricity Production Down 9.4% In H1/2024 Vs H1/2023
07.29.2024
Natural gas producer and supplier Romgaz in the first half of this year registered an overall hydrocarbon production of 16.12 million boe, up 4.6%... more
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Romania Beats Greece and Bulgaria by Number of Foreign Investments in 2023
07.29.2024
Sixty foreign direct investments were carried out in Romania in 2023, with the figure placing Romania ahead of Greece and Bulgaria, reveals EY... more
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Logistics Space Developer WDP Takes EUR250M Loan From EIB For Rooftop Solar Panels And EV Charging Stations
07.26.2024
Belgian-held logistics space developer Warehouses De Pauw (WDP), also present in Romania, is taking a EUR250 million loan from the European... more
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Winemaker Cramele Recas Buys Into Tenuta Odobesti
07.26.2024
Winemaker Cramele Recas intends to buy into Tenuta Odobesti, joining Italian businessman Mosconi Fabrizio, who had owned the entire company until now. more
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Flag Carrier Tarom Plans To Return To Profit In 2024
07.26.2024
Flag carrier Tarom set out to attain RON278 million profit in 2024 compared with a RON99 million loss in 2023, its spending and revenue budget... more
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Romania Car Output Up 8.6% in H1/2024 To 292,378 Units
07.26.2024
Romania car production rose by 8.6% in the first six months of 2024 against the year-earlier period, to a total of 292,378 units, of which 169,990... more
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Autoliv Romania Set to Invest EUR3M To Install Photovoltaic Systems at Brasov, Lugoj, Rovinari and Sfantu Gheorghe Headquarters
07.26.2024
Automotive systems manufacturer Autoliv Romania will invest EUR3 million in a 5.7 MW photovoltaic project implemented by Allview Solar Energy, the... more
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DIY Retailer Leroy Merlin Aims to Open New Stores in Pitesti, Bucharest and Bistrita
07.26.2024
Leroy Merlin, the second largest DIY retailer locally by turnover, is readying to open a new store in Bistrita next year, also having works... more
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Furniture Maker Iris Service Ciuc Posts 4.3% Lower Turnover in 2022, To RON168.1M
07.26.2024
Furniture maker Iris Service Ciuc, controlled by entrepreneur Negru Petru, in 2023 registered turnover worth RON168.1 million (EUR34 million), down... more
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Linde Gaz Romania Sees 2023 Profit Rise by around 52% To RON366.3M
07.26.2024
Linde Gaz Romania, the local subsidiary of German-US industrial group Linde Plc, in 2023 reached turnover worth RON1.087 billion (EUR219.8... more
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MMM Autoparts Returns to Profit in 2023
07.26.2024
MMM Autoparts, a producer of hoses for the automotive industry and the local subsidiary of Spain’s MMM Group, for 2023 reported turnover of... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
moreMore than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
moreRomania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
moreBucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
moreThe volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
moreThe assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
moreRomania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.